Your Staffing contractors now have general liability insurance for up to $10 million
We have increased our general liability insurance coverage for contractors, temps and temps to hire from $2 million to $10 million to better serve our customers. Additionally, we are carrying an additional $2 million for Errors and Omissions – after all there is nothing more expensive than bad data.
One of the pitfalls to hiring a 1099 contractor is that most likely, they do not have general liability insurance, which protects you, their client, and ensures their business continuity. Should they inadvertently damage your equipment or data, you will have to make a claim against your own insurance policy, if possible.
What is General Liability Insurance
General Liability Insurance is a part of the general insurance system of risk financing to protect the purchaser (the “insured”) from the risks of liabilities imposed by lawsuits and similar claims. It protects the insured in the event he or she is sued for claims that come within the coverage of the insurance policy.General liability insurance covers negligence, property damages, personal injury, advertising injury, electronic data, defense costs and possible loss of business.
Make sure your 1099s have insurance by putting them on a staffing contract through us. They will get W2s, be eligible for benefits and be covered under workers’ compensation. This will also help avoid an Employment Development Department (EDD) Audit.
Contact us today!